Income
Showing 50 results of 387
Why Rental Property Income Is Superior To Stock Dividends
Jul 23 2024
I'm a fan of both stock dividends and rental property income, my two favorite sources of passive / semi-passive income. When younger and less wealthy, rental property income may be preferable. As you ...
financialsamurai.com
448: Is Historical Market Data Helpful for Retirement Income Planning?
Jul 20 2024
In what ways can past market performance help you plan for a financially confident future? It involves sifting through the data and understanding when and where that information is most applicable. In...
retirewithpurpose.com
Social Security Demystified: Calculating Taxation, Provisional Income, and the Tax Torpedo
Jul 18 2024
Listener Michael asks about how Social Security is taxed, the rationale behind the 50% and 85% tax thresholds, and the implications of these taxes on Social Security and IRA withdrawals. James respond...
buzzsprout.com
Dividend Stocks Can Boost Your Retirement Income Stream
Jul 17 2024
You could see some high returns, and if you stash dividend stocks in a taxable account, you can minimize the taxes you pay on them....
kiplinger.com
How to figure out tax income bracket?
Jul 17 2024
Ok retired 3 days ago. Married, both retired. I m no financial brain surgeon so please be aware of this. So i retired half-way through the year and have to figure out our tax bracket. I don’t wa...
reddit.com
10 Ways to Generate Retirement Income
Jul 14 2024
Here are some of the benefits and drawbacks of each of these retirement income strategies so you can see which ones might work for you....
kiplinger.com
6 Questions Married Women Should Answer About Retirement Income
Jul 13 2024
Take action now to make sure there will be enough retirement income for the surviving spouse when one of you passes away first....
forbes.com
The Marriage Penalty Impacting FAANG
Jul 12 2024
Would you consider not getting married to your partner for an extra $10,000 per year? That is a very real question that high earning dual income couples can face. The issue has to do with how the US f...
andrenader.substack.com
6 Ways To Get More Tax-Free Income In Retirement
Jul 11 2024
Maximizing your tax free income in retirment is worth celebrating. Keep reading as we share way to get more of your retirement income from getting killed by taxes....
forbes.com
Four Steps to Secure Your Retirement Income
Jul 10 2024
Instead of relying on selling stock to fund your retirement, consider these actions to safeguard your retirement income....
kiplinger.com
Do You Live In A State That Won’t Be Taxing Your Retirement Income?
Jul 09 2024
Tax planning to minimize state taxes can help you pay few taxes over your lifetime. Where you choose to live can play a big role in the taxes you pay in retirement....
forbes.com
How to Give to Charity and Also Generate Retirement Income
Jul 05 2024
Two ways to give to charity — a charitable gift annuity and a charitable remainder trust — can save you taxes and generate income....
kiplinger.com
The Grind Back To Financial Independence: Early Stages Complete
Jul 04 2024
In the second half of 2023, I significantly impacted our passive income, causing our household to technically lose its financial independence. Prior to this, we had been financially independent since ...
financialsamurai.com
Eight Tips for Managing Fluctuating Income
Jul 03 2024
Your income might not be regular, but your saving, budgeting and financial planning can be. Business experts offer ideas to manage issues associated with fluctuating income....
kiplinger.com
Ways to earn money for students: ideas for additional income
Jul 02 2024
College students need to spend a lot of time paying for tuition, room and board. To pay for education, you have to shell out a considerable amount of money. That is why most students are looking for o...
thinksaveretire.com
Should You or the Trust Pay a Trust's Income Taxes?
Jul 01 2024
Irrevocable trusts can be set up so that the trust maker no longer pays income taxes, and the taxes are instead paid by the trust. What are the pros and cons?...
kiplinger.com
Leaving a no income tax state. Tips? Advice?
Jun 30 2024
My husband is 55 and 5 years away from our target retirement date. We currently live in Florida and are debating whether to move to GA. We have family there and FL is changing rapidly. We've been here...
reddit.com
The Economics of Sports Trading
Jun 27 2024
In sports trading, the real game is buying and selling odds to make money, like trading stocks. This guide shows how to use changing odds, supply and demand, and real-time info to your ...
thinksaveretire.com
Retirement Income Strategies: IRA vs. Brokerage Withdrawals (The Tax-Smart Choice for Retirees)
Jun 26 2024
Mark asks a common question – What should I do regarding my withdrawal strategy? Should I first pull from my brokerage account or my IRA? There is no one-size-fits-all answer, but James provides...
buzzsprout.com
7 Ways For High Income Families To Pay For College
Jun 25 2024
As a physician, you’ve likely spent years paying off your student loans. Now, with your children’s education on the horizon, ... Read more...
physicianonfire.com
16 Legit Remote Side Hustles [Up to $15k/month]
Jun 24 2024
Around 54% of working Americans have a side hustle to make extra income. We can’t say we’re surprised to hear this. Between slow wage growth and rising inflation rates, taking on a side hu...
thinksaveretire.com
Happily Ever After in Retirement? | YMYW Extra - 3
Jun 18 2024
Cinderella and her Prince Charming have a nest egg of $2.3 million and are hoping for retirement income of up to $150K/year. When can they afford to retire? How should they coordinate paying for some ...
purefinancial.com
How to Build a Retirement Income Plan
Jun 17 2024
Sponsored Content from Sensible Money...
kiplinger.com
Six Strategies for Retiring on a Fixed Income
Jun 12 2024
When your paychecks quit rolling in, will you be OK? Run through this pre-retirement checklist to see how ready you really are for life on a fixed income....
kiplinger.com
Understanding Retirement Income with Bucket Planning: A Strategic Approach
Jun 11 2024
Bucket Investment planning is key to financial management. Bucket Investment Planning is a strategic approach to managing one’s investments, designed to achieve specific financial goals while mi...
theretirementsolution.com
Maximizing Your Retirement Income: Exploring Withdrawal Strategies
Jun 07 2024
A couple learning about the different types of withdrawal strategies to consider for retirement. Planning for retirement involves not only accumulating savings but also strategically withdrawing funds...
theretirementsolution.com
How Did the Expansion of Vocational Rehabilitation Services Affect Youth Receiving SSI?
Jun 07 2024
Abstract This study examines how transition-aged youth with disabilities receiving Supplemental Security Income (SSI) may have been affected by the Workforce Innovation and Opportunity Act (WIOA) and ...
crr.bc.edu
How to Add Home Equity to Your Retirement Income Planning
Jun 05 2024
Home equity is sometimes overlooked as a viable resource in retirement. You don’t have to sell your home to find income and liquidity....
kiplinger.com
Plan Sponsors Lean on Fixed Income, Inflation Protection to Boost Retirement Readiness
Jun 05 2024
DC plan sponsors are making changes to their benefits to set workers up for retirement…...
401kspecialistmag.com
10 U.S. Cities with the Highest Retirement Income
Jun 05 2024
SmartAsset study ranks 345 largest U.S. cities according to mean retirement incomes for…...
401kspecialistmag.com
Recent retiree, when (and how) should I be paying income taxes?
Jun 05 2024
Retired last year, living off savings and small SS for my wife until I turn 70 in December. Filed taxes for 2023 using HR Block software, paid state and Feds calculated taxes due. Then in last few wee...
reddit.com
A Guide to Measuring Wealth, Income, and Replacement Rates in the Health and Retirement Study
Jun 04 2024
The Health and Retirement Study (HRS) is a primary source of information on retirement wealth, income, and replacement rates, but calculating these measures requires a host of methodological choices t...
crr.bc.edu
Budgeting and tracking processes
May 30 2024
Interested to know how you track spending v your budget. We are semi-retired w a variable income that we do not figure into our income so taking withdrawals down savings and not tapping SS until 70 pe...
reddit.com
Six Custom Tax Planning Tips for High-Income Individuals and Families
May 24 2024
Tax planning is a multifaceted process that requires a personalized approach, especially for high-income individuals and families....
kiplinger.com
4 Pillars for High-Income Families Paying for College
May 19 2024
By Dr. Jim Dahle, WCI Founder By virtue of their high income, a physician's family situation is likely to differ significantly from that of the average student's family. Average students and parents w...
whitecoatinvestor.com
Why We Should Talk About Money More Often
May 18 2024
For many people, the subject of money carries a certain stigma in social settings, especially when discussing income, retirement savings, ... Read more...
physicianonfire.com
The Retirement Water Wheel
May 18 2024
What happens if a water wheel stops moving? On this episode we draw some comparisons with the age old water wheel and retirement income streams. Glenn is available for in person and online meetings if...
retirementroadmappodcast.podbean.com
Fixed index annuity with guaranteed income rider
May 16 2024
Note: If you don't read the entire post, take a look at the attached links to google drive that illustrates two scenarios. 1) $750K initial investment (now) in a fixed index annuity with an income rid...
community.aarp.org
10 Legit Side Hustles for Women ($15k+ Per Month)
May 15 2024
Girls just want to have…funds. In fact, a recent study revealed that 54% of Americans have picked up a side hustle to earn extra income, with 49% of women having done so. 6 Online Side Hustle I...
thinksaveretire.com
The Best No Income Tax States To Work And Get Rich
May 15 2024
Income taxes can hinder wealth creation. Fortunately, for Americans seeking to save on taxes, there are nine states without income tax where we can choose to reside. These states are listed below in a...
financialsamurai.com
Using Mother's bank account. Can this effect her disability income?
May 14 2024
My Mother receives Social Security and disability. If she has or makes too much money, they will start restricting her benefits. I'm in a position where I need to utilize her bank account, and move ab...
community.aarp.org
Retirement Income: Participant Needs Trump Demand
May 13 2024
As in earlier solutions like auto features and target date funds, proactively providing…...
401kspecialistmag.com
Why Earning Less Passive Income Has Changed My Life For The Better
May 07 2024
In October 2023, my passive income took a significant $150,000 hit, representing a decrease of 39%, following the purchase of a new house. It was funded by proceeds from selling public stocks and bond...
financialsamurai.com
The (R)evolution of Retirement Income Planning
May 07 2024
With AI on the horizon to enable the optimization of retirement income plan choices, the retirement fortunes of retirees are about to improve....
kiplinger.com
A Doctor’s Review of the Retirement Income Style Awareness (RISA) Profile
May 06 2024
By Dr. Rikki Racela, WCI Columnist As I delved into my financial literacy journey—which included reading the first couple of WCI books, reading this blog, and taking the Fire Your Financial Advi...
whitecoatinvestor.com
Nationwide Launches Default Guaranteed Income Solution
May 02 2024
The new feature from Nationwide will automatically default participants into an in-plan…...
401kspecialistmag.com
Fidelity retirement income planner return assumptions
Apr 29 2024
I recently met with a new financial planner, and his model is possibly showing a lower projected investment return than Fidelity. Does anyone know the assumptions underlying fidelity's planning tool? ...
reddit.com
9 LEGIT Passive Income Ideas for Young Adults ($5k per month)
Apr 26 2024
Let’s be real—the prevalence of social media has changed how we perceive the world around us. The content we consume rarely highlights the traditional nine-to-five, but rather, the dreamy ...
thinksaveretire.com
Is Your Retirement Solution Hiding in Plain Sight?
Apr 25 2024
Here’s how to use your home equity in combination with an annuity contract to produce late-in-life income....
kiplinger.com
How to double your CPP income
Apr 25 2024
A series of academicpapersbeing rolled out by the National Institute on Ageing (NIA) has added fuel to the oft-argued case for delaying benefits for the Canada Pension Plan (CPP) to the latest possibl...
moneysense.ca
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About Income
Retirement income is the money you receive from various sources during your retirement years. It's important to plan for retirement income, because you will no longer be receiving a regular paycheck from employment. There are several sources of retirement income, including:
Social Security: Social Security is a government-provided retirement benefit for workers who have contributed to the program through payroll taxes. The amount you receive from Social Security will depend on your work history and earnings.
Pension: A pension is a regular payment that you receive from an employer or other organization after you retire. Pensions can be defined benefit plans, which pay a fixed amount based on your salary and years of service, or defined contribution plans, which depend on the contributions you and your employer make to the plan and the investment returns earned.
Personal savings and investments: Retirement income can also come from the money you've saved in personal savings accounts, such as a traditional or Roth IRA, or from investments in stocks, bonds, mutual funds, or other securities.
Part-time work: Some people choose to work part-time during their retirement years to supplement their other sources of income.
It's important to consider all of these sources when planning for retirement and to consider factors such as inflation, which can erode the purchasing power of your retirement income over time. A financial advisor or planner can help you create a retirement plan that takes into account your specific needs and goals.